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2010 (7) TMI 429 - AT - Central ExciseRefund – Price variation - subsequently on receipt of the goods, buyer reduced the price and communicated that payments would be made to the appellants as per this reduce price - refund claim was rejected holding that subsequent reduction in price was a mutual adjustment - as per Section 4(1)(a), the transaction value is the value at which the price of the goods means the price payable by the buyer and while raising the invoice, the appellant was known the agreed price because the appellant has raised 36 invoices - the goods were cleared at the higher price and later on it was reduced by the buyer at the time of payment - no merit in the appeal – Appeal rejected
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